Title:Controller Company: San Francisco Art Institute
(Controller at San Francisco Art Institute) | Aug 24, 2013
I am looking for some best practice information on the allocation of warehousing costs to COGS. Right now we write off warehouse costs each month - we are a small manufacturer that keeps inventory in our warehouse and pay for warehouse staff to assemble products for shipment. The assembly is mostly of finished product into configured packaging or just into a specific case pack requested. Should we alloate the cost of the overhead in the warehouse to COGS or inventory value?